Russia Weighs Dividend Change at State Companies Amid Crisis
- Dividend payout may be set at minimum 25% of profit under IFRS
- State earlier sought dividend increase to 35% starting 2016
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Russia is drafting new rules for dividend payouts by state-run companies amid the country’s first recession in six years.
The government may oblige companies from Gazprom PJSC to VTB Bank PJSC to distribute at least 25 percent from profit calculated under international accounting standards. A draft decree on the changes is being prepared by the economy and finance ministries as well as other authorities, Elena Lashkina, a spokeswoman for the Economy Ministry in Moscow, said by e-mail late Wednesday. The new rules will apply from the moment the decree is published, she said without elaborating.